IBM Stock Soars in 2025: Q2 Earnings Surpass Expectations with $15.8B Revenue and $1.96 EPS
IBM’s Q2 2025 financial results exceeded analyst forecasts, driven by strong AI growth and a 7% increase in software revenue, signaling robust enterprise AI demand.
Highlights of IBM's Q2 2024 Performance
- IBM’s Q2 earnings and revenue surpassed analyst predictions, boosting after-hours stock trading.
- Software revenue climbed 7% to $6.7 billion, underlining the company's technological strength.
- IBM’s generative AI business expanded significantly, reaching $2 billion in revenue within one year.
International Business Machines (IBM) delivered impressive second-quarter results in 2024, exceeding market expectations and driving its shares higher after market close. CEO Arvind Krishna highlighted the rapid growth of IBM’s artificial intelligence (AI) division as a key growth driver.
The company reported diluted earnings per share (EPS) of $1.96 on revenues totaling $15.8 billion, outperforming analyst estimates of $1.74 EPS and $15.6 billion revenue according to Visible Alpha. Software revenue increased by 7% to $6.7 billion, reinforcing IBM’s position in enterprise technology solutions. IBM maintained its forecast for mid-single-digit revenue growth for the full year.
Krishna emphasized, “Our clients increasingly rely on IBM’s advanced technology and enterprise AI expertise. Since launching watsonx a year ago, our generative AI revenue has surpassed $2 billion, showcasing the strong market demand.”
Following the earnings announcement, IBM’s stock rose approximately 3% in after-hours trading, contributing to a 13% gain year-to-date in 2024.
Have a story idea for ZAMONA? Reach out to us at tips@ZAMONA.
Discover engaging topics and analytical content in Company News as of 29-07-2024. The article titled " IBM Stock Soars in 2025: Q2 Earnings Surpass Expectations with $15.8B Revenue and $1.96 EPS " provides new insights and practical guidance in the Company News field. Each topic is meticulously analyzed to deliver actionable information to readers.
The topic " IBM Stock Soars in 2025: Q2 Earnings Surpass Expectations with $15.8B Revenue and $1.96 EPS " helps you make smarter decisions within the Company News category. All topics on our website are unique and offer valuable content for our audience.